Farm households in the Central Highlands province of Dak Lak are applying wet processing technology–the world’s most modern technology – to ensure premium quality of their coffee beans.
Funded by the Vietnam Challenge Fund (VCF), this project is part of the Make Markets Work Better For The Poor, Phase 2 (M4P2) project, sponsored by the Asian Development Bank and the UK’s Department of International Development.
Despite being the world’s second largest coffee exporter, Vietnam’s coffee for export is crude and unprocessed, which leads to low profits and limits Vietnam’s ability to adjust prices in international coffee markets.
The project will help raise coffee prices and incomes for the local coffee-growing households. At present, over 550,000 households in Vietnam earn their incomes from coffee growing and about two million people rely on coffee for their livelihood.
Buddhika Samarasinghe, Head of the M4P2 advisory group, said that if successful, this model will be expanded to many regions nationwide, which could have a significant positive impact on the lives of the poor in rural areas.
Operating since late 2009, the VCF provides capital to poverty reduction projects in Vietnam, helping to raise poor people’s incomes in rural areas across the country.
Despite being the world’s second largest coffee exporter, Vietnam’s coffee for export is crude and unprocessed, which leads to low profits and limits Vietnam’s ability to adjust prices in international coffee markets.
The project will help raise coffee prices and incomes for the local coffee-growing households. At present, over 550,000 households in Vietnam earn their incomes from coffee growing and about two million people rely on coffee for their livelihood.
Buddhika Samarasinghe, Head of the M4P2 advisory group, said that if successful, this model will be expanded to many regions nationwide, which could have a significant positive impact on the lives of the poor in rural areas.
Operating since late 2009, the VCF provides capital to poverty reduction projects in Vietnam, helping to raise poor people’s incomes in rural areas across the country.
VNA
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